FIRED Up Wealth
Motley Fool Analyst & Investment Educator
POET isn't worth the time: management is icky, it has a history of promoting its stock rather than its business on social media, and it has no edge over competitors such as Coherent. Even a 5% chance of fraud is reason enough to build big positions in safer names instead. The patents a reply cites don't prove demand or economic viability. x.com x.comÂ
POET Technologies is no investment just because it hasn't run yet in a hot photonics category. It is pre-revenue, has relied on paid stock promotion, and has now been wrecked after its hype efforts angered Marvell. Serious photonics traders never thought anything of it. x.comÂ
POET Technologies is still very early in its growth. Revenue grew 112% year over year with six straight quarters of sequential growth, and it is showcasing new laser light source technology for AI interconnects this week. It is one worth being patient with. x.comÂ
These high-flying stocks look like they are running purely on hope, with valuations hard to justify. POET Technologies trades at 1,580x sales, D-Wave Quantum at 874x, Navitas Semiconductor at 169x and AXT at 96x, while Oklo carries an $11.4B market cap with no sales. x.comÂ
POET Technologies is uninvestable because its management lacks basic judgment, which outweighs having the perfect product at the perfect time. Its CFO breached an NDA by disclosing the Marvell deal himself, and the stock fell nearly 50%, per @StockSavvyShay. There were red flags with this management group even before. Ondas's CEO shows the focus, consistency and trustworthiness investors should look for instead. x.comÂ
POET Technologies' 47% one-day plunge was self-inflicted, not a technology problem, making it an easy buy. Marvell, which bought Celestial AI in February, pulled Celestial's orders citing a confidentiality breach after POET's CFO confirmed the order on Stocktwits. The stock has since rebounded 211.67% in two weeks. x.comÂ
POET Technologies' dip toward $7 after hours is not one to buy, because its CEO is not aligned with shareholders. Owning only about 0.001 of the shares does not signal confidence. x.comÂ
It is time to fully let go of POET after news of a new equity raise. @ganziboy11, reporting the raise, notes that POET's technology may be good but the company's approach looks odd. x.comÂ
POET Technologies' setup remains intact despite a 9% weekly drop on good news, and Jim Cramer's call four months ago that it was losing too much money has proven wrong. Since then it raised $150 million, won a Lightwave Innovation Award, partnered with LITEON and signed a 1.6T AI transceiver deal with Lessengers. x.comÂ
POET looks headed toward zero after Marvell cancelled its Celestial AI orders over a confidentiality breach, costing POET basically its only big customer. With only three or four major end customers, who could use COUPE instead, no revenue and ongoing cash burn, its reputation may never recover. The Marvell contract likely helped its $300M-plus raise, so investors may sue for their money back, and the stock could easily fall below $5. x.com x.com x.com x.com x.com x.com x.com x.com x.com x.com … Show more